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Calcium Nitrate Market is of the main component for the fertilizers and these fertilizers hold nitrogen and calcium, which are the necessary elements for plants. The major function of calcium nitrate is to improve the uptake of magnesium, potassium and calcium from soil and concurrently increase quality and yield of the product as well as it also extends the confrontation to diseases and storage life of fruits. Furthermore, the calcium nitrate is used in the manufacturing of explosives, wastewater treatment, medical purposes and concrete which also raising its demand in the market.
Fertilizers are substances that are added to increase yield by providing crops with nutrients that the soil lacks. Fertilizer addition frequently doubles or triples yield. The growing demand for calcium nitrate in agro-synthetics is expected to drive the growth of the global calcium nitrate market.Data Bridge Market Research analyses that the calcium nitrate market which was valued at USD 13.06 billion in 2021 is expected to reach the value of USD 23.29 billion by 2029, at a CAGR of 7.50% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
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Leading Key Players Operating in the Calcium Nitrate Market Includes:
COVID-19 Impact on Calcium Nitrate Market
Calcium nitrate is widely used in producing vegetables, fruits, wine, and crops, which necessitate extensive crop care such as seed treatment, soil management, crop protection, and more. However, as a result of the pandemic, production in these sectors is experiencing challenges such as late crop care and pesticide product deliveries, trade and delivery issues, and more. Due to the COVID-19 Pandemic, the entire world has gone into lockdown, resulting in the closure of restaurants and grocery stores and a decrease in demand for fresh produce and fisheries products, affecting producers and suppliers. Agricultural bodies such as the Indian Council of Agricultural Research (ICAR) have issued guidelines for farmers to follow during the lockdown period in order to harvest certain crops.
The calcium nitrate market is segmented on the basis of process and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Calcium Nitrate Market, By Region:
North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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Rising farmer knowledge of soil profile and nutritional balance, growing popularity of commercial agriculture around the world, low-cost fertiliser production, and rising demand for agrochemicals are some of the factors expected to drive the calcium nitrate market. Furthermore, an increase in the need to increase productivity and level yield and fertiliser intensity gaps across countries will dampen the market’s growth rate.
A rapid increase in global horticulture crop production, despite rising crop prices and significant labour costs, will boost the market for calcium nitrate. The shift in emphasis toward dietary food and increased demand for fruits and vegetables will encourage its use in horticulture. Water soluble fertilisers enable farmers to grow more food on less land while providing a significant return on investment. The primary factor driving the calcium nitrate market growth is its widespread use in reducing chemical leaching of crops, which is expected to significantly drive the calcium nitrate market during the forecast period.
The calcium nitrate markets are benefiting from increased awareness of drip irrigation systems. Subsurface drip irrigation systems are commonly used to supplement fodder maize production. The calcium nitrate market is being driven by government initiatives to maximise the use of water resources in agriculture.
However, rising organic fertiliser industry growth and growing lack of awareness are among the major factors acting as restraints, while rising number of players with similar product formulations will further challenge the growth of calcium nitrate market during the forecast period.
Some of the key questions answered in these Calcium Nitrate market reports:
What will the market growth rate, growth momentum the market carries during the forecast period?
Which are the key factors driving the Calcium Nitrate ?
What was the size of the emerging Calcium Nitrate by value in 2022?
What will be the size of the emerging Calcium Nitrate in 2029?
Which region is expected to hold the highest market share in the Global Calcium Nitrate Market?
What trends, challenges and barriers will impact the development and sizing of the Global Calcium Nitrate ?
What are the sales volume, revenue, and price analysis of top manufacturers of Calcium Nitrate ?
What are the Calcium Nitrate opportunities and threats faced by the vendors in the global Calcium Nitrate Industry?
Some Points from Table of Content
Part 02: Scope of The Report
Part 03: Calcium Nitrate Technology Market Landscape
Part 04: Calcium Nitrate Technology Market Sizing
Part 05: Calcium Nitrate Technology Market Segmentation By Product
TOC of This Report [email protected]https://www.databridgemarketresearch.com/toc/?dbmr=global-calcium-nitrate-market
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